Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

INCOME TAXES (Tables)

v3.8.0.1
INCOME TAXES (Tables)
12 Months Ended
Sep. 30, 2017
Income Tax Disclosure [Abstract]  
Schedule of Provision for Income Taxes [Table Text Block]
 
 
For the year ended September 30,
 
 
 
2017
 
2016
 
2015
 
Provision for income tax for the period
 
$
1,030,858
 
$
1,200,010
 
$
1,053,132
 
Income tax benefit
 
 
(35,853)
 
 
(94,570)
 
 
(101,015)
 
Total
 
$
995,005
 
$
1,105,440
 
$
952,117
 
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
 
 
As of September 30,
 
 
 
2017
 
2016
 
2015
 
Deferred tax assets:
 
 
 
 
 
 
 
 
 
 
Bad debt allowance recorded for accounts receivable
 
$
272,557
 
$
247,227
 
$
152,657
 
Total
 
$
272,557
 
$
247,227
 
$
152,657
 
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]
Income taxes for the years ended September 30, 2017, 2016, and 2015 are attributed to the Company’s continuing operations in China and consisted of:
 
 
 
For the year ended September 30,
 
 
 
2017
 
2016
 
2015
 
Current
 
$
1,019,147
 
$
1,209,114
 
$
1,055,883
 
Deferred
 
 
(24,142)
 
 
(103,674)
 
 
(103,766)
 
Total
 
$
995,005
 
$
1,105,440
 
$
952,117
 
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
Per the consolidated statements of operations and comprehensive income, the income tax expenses for the Company can be reconciled to the income before income taxes for the years ended September 30, 2017, 2016 and 2015 as follows:
 
 
 
For the year ended September 30,
 
 
 
2017
 
 
2016
 
 
2015
 
Income before taxes excluded the amounts of loss incurring entities
 
$
7,178,353
 
 
$
6,656,140
 
 
$
6,197,299
 
PRC EIT tax rates
 
 
15
%
 
 
15
%
 
 
15
%
Tax at the PRC EIT tax rates
 
 
1,076,753
 
 
 
998,421
 
 
 
929,595
 
Tax effect of 50% R&D expenses deduction
 
 
(99,833)
 
 
 
97,652
 
 
 
69,621
 
Tax effect of deferred tax recognized
 
 
(24,142)
 
 
 
(103,673)
 
 
 
(103,766)
 
Tax effect of non-deductible expenses
 
 
42,227
 
 
 
113,040
 
 
 
56,667
 
Income tax expenses
 
$
995,005
 
 
$
1,105,440
 
 
$
952,117